There’s a reason why the employment of roofers is expected to increase by 2% in the next ten years. The right type of roof can make or break a home. But, does this vital home component do anything to increase home value when you install a new one?
The answer is yes! If you want to learn why this is, then you’re in the right place. In this article, we’ll teach you everything you need to know about the value a roof replacement can bring to your property. Let’s get started!
How Much Will a New Roof Increase Home Value?
There are a variety of factors that can determine how much value a new roof will add to your home. Some of the main ones include things like the type of roofing material you choose, the condition of your old roof, and the age of your house.
For example, asphalt and cedar shingles are both cold weather options that can add a lot of value to your home. However, ultimately you can expect around a 50% to 75% ROI (return on investment) from a replacement roof. That means that the added value will recoup that percentage of the installation costs.
Why Does a New Roof Increase Home Value?
A new roof shouldn’t be underestimated as an important sales tool. After all, buyers are much more likely to spring for a higher sales price if they know you invested value into the house.
But exactly why can a new roof be used as a persuasive sales tool? In what way does it add value to the home? In this section, we’ll be discussing four ways your property value can benefit from a roof replacement.
1) Lower Energy Bills
Older roofs typically provide little to no heat insulation. Since your home relies on insulation to stay warm during the winter it means that your heating system needs to work harder.
Then, the heat simply escapes out the roof. A new roof, on the other hand, keeps cool air in during the Summer and warm air in during the Winter. As such, your HVAC system doesn’t work as hard, which means lower energy bills at the end of the month.
This energy efficiency can be a powerful incentive for families that want to save money on bills or be more environmentally conscious.
2) Improved Curb Appeal
Nothing scares off potential buyers than a damaged roof. After all, the exterior of the house is the first thing that an interested party sees. As such, sagging, dirty, or worn-out roofs might scare off more than one buyer.
Luckily, a roof replacement is one of the easiest ways to add curbside appeal to your home.
This is especially true if you go with an attractive roof material that boldly fits the style of your home. However, keep in mind that this is only true if you go with a professional roof installation company that knows what they’re doing.
We recommend going with someone like Point Roofing and Restoration (https://prr247.com/) that has decades of experience.
3) Protects Your Home
Remember that your roof is your first line of defense against the outdoor elements. It protects you from bad weather, tree debris, and high forced winds.
Not only that, but it also keeps potential critters like birds and rodents from nesting in your home. An old roof, on the other hand, can actively make your home even more unsafe.
Indeed, if it’s old enough, then it could potentially sag and collapse, putting you and your family in danger. As such, you can’t put a value on the feelings of safety and wellbeing that come with having a new roof protecting you over your head.
4) Allows You to Add Improvements
A roof replacement is a great time to tack on additional improvements that can increase the value of your home. Roof technology has come a long way in the past twenty to thirty years.
As such, if you include some more modern features, then it can entice some potentially skeptical buyers. One example would be installing solar panels on your new rough.
This self-generating energy source both cuts back on energy bills and improves the environment. Similarly, insulation material can also make your roof more green. Talk to your installer about what options you have when installing your new roof.
Signs That It’s Time to Install a New Roof
If you aren’t sure whether or not your roof needs to be replaced, then you might be on the fence about hiring a contractor. So, what are some signs that it’s time to replace your roof? The first factor is age.
As long as a roof is installed properly, then it should last around twenty or so years. So, if your roof is older than this, then you might want to consider replacing it. However, age isn’t the only factor.
You should also look for visual signs of wear and tear. Pay attention to the shingles. If they begin to look damaged or warped, then it’s a sign that you should replace or restore them.
Similarly, missing patches of shingles can be dangerous to the structural integrity of the roof. Another thing you can look for is a build-up of moisture. Go to your attic and check for moisture.
If it’s really bad then you should see sagging. This is a sure sign that you should replace your roof.
Want More Content? Keep Exploring
We hope this article helped you learn more about the different ways that a new roof can increase home value. Ultimately, a roof replacement represents a pretty sound return on investment.
However, the real value that a new roof provides is peace of mind. So, contact a roofing contractor in your area and get the roof replacement that you deserve.
Did you enjoy this article? If the answer is yes, then you’re in the right place. Keep reading to find more topics that you’re sure to love.
